LCH.Clearnet is seeking to expand its credit default swap (CDS) service to position itself as a multi-asset class clearer, Risk.net reports. The London-based clearing house, which has cleared 1,214 eurozone CDS contracts since March 2010, is looking to make its CDS clearing service international. LCH is rebranding its CDS offering to CDSClear, which will sit alongside SwapClear. LCH is also in the process of rolling out a foreign exchange clearing service ForexClear, which is likely to start with forex options. The offering was initially slated for this year.

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